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IMF News - Page 2

IMF Sympathises With Victims Of Kenya Anti-tax Protest

IMF Urges Nigeria To Diversify Economy, End Fuel Subsidies To Tackle Developmental Challenges

The International Monetary Fund (IMF) has emphasized the need for Nigeria to diversify its economy and phase out fuel subsidies to address developmental challenges. During the African Department April 2024 Press Briefing, Abebe Aemro Selassie, Director of the African Department at IMF,

April 22, 2024

Nigerian Government Exempts VAT On Diesel, LNG, CNG, Electric Vehicles To Lower Energy Costs

Business·News

Nigeria To Secure $2.2bn Loan From World Bank- Finance Minister Reveals

Nigeria is on the brink of securing a financial boost from the World Bank, as Finance Minister Wale Edun unveiled plans for a $2.2 billion loan with single-digit interest rates during a press briefing in Washington DC. “The Federal Government has qualified

April 21, 2024

Why Nigerian Govt Need Supplementary Budget To Pay minimum wage- IMF

Business·News

IMF Raises Forecast On Nigeria’s GDP In 2024 To 3.3% Amid Improved Economic Outlook

The International Monetary Fund (IMF) announced a positive adjustment of its forecast for Nigeria’s Gross Domestic Product (GDP). The country’s GDP is now expected to grow from 2.9 per cent in 2023 to 3.3 per cent in 2024, signaling an improved economic

April 17, 2024

Business·News·World News

IMF Predicts ‘Overheated’ US Economy As Key Driver Of Global Growth, Urges Caution On Rate Cuts

The International Monetary Fund (IMF) released a report on Tuesday indicating a significant upgrade in its forecast for the US economy, projecting a growth rate of 2.7% for the year, up by 0.6 percentage points from its previous estimation in January. This

April 16, 2024

Business·News·World News

IMF Warns Against Overreliance On Costly Subsidies In Industrial Policies

In a fresh analysis titled ‘Industrial Policy Is Not a Magic Cure for Slow Growth’, the International Monetary Fund (IMF) underscored the potential drawbacks of heavy reliance on expensive subsidies or tax breaks in industrial policies, cautioning that such measures could hamper

April 12, 2024

Business·News·World News

IMF Warns Of $12bn Loss To Cyberattacks In Financial Institutions In 20 Years

The International Monetary Fund (IMF) has issued a warning about the escalating threat of cyberattacks targeting financial institutions worldwide. According to the IMF’s recent report, financial firms have suffered substantial losses, totaling $12 billion over the last two decades, with $2.5 billion

April 11, 2024

Business·News

IMF Urges Nigeria To Boost Agriculture Inputs Amidst Soaring Food Prices

The International Monetary Fund (IMF) has sounded a clarion call to the Nigerian government, stressing the urgent need to bolster agricultural inputs to bolster production and alleviate the surging prices of food items. In its report, IMF Country Report No. 23/94, the

February 21, 2024

Business·News·Top Stories

Nigeria’s Foreign Reserves Forecasted To Plummet To $24bn In 2024 , IMF Warns

The International Monetary Fund (IMF) has sounded the alarm on Nigeria’s financial outlook, predicting a sharp decline in foreign reserves to $24 billion by 2024. In its latest report, the IMF highlighted looming challenges for Africa’s largest economy, citing factors such as

February 13, 2024

Finance & Economy·News

Nigeria’s Hardship Will Multiply If IMF’s Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

Nigeria has been warned against heeding the International Monetary Fund's advice on removing electricity subsidy as that could worsen economic hardship in the country.

February 13, 2024

Finance & Economy

IMF Warns Of Deepening Economic Crisis In Nigeria

In an assessment of Nigeria’s economic landscape, the International Monetary Fund (IMF) has sounded the alarm on the country’s challenges, pointing to stalled per-capita growth, soaring poverty rates, and escalating food insecurity as catalysts exacerbating the ongoing cost-of-living crisis. In a newly

February 12, 2024

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IMF News - Page 2

IMF Urges Nigeria To Diversify Economy, End Fuel Subsidies To Tackle Developmental Challenges

Nigeria To Secure $2.2bn Loan From World Bank- Finance Minister Reveals

IMF Raises Forecast On Nigeria’s GDP In 2024 To 3.3% Amid Improved Economic Outlook

IMF Predicts ‘Overheated’ US Economy As Key Driver Of Global Growth, Urges Caution On Rate Cuts

IMF Warns Against Overreliance On Costly Subsidies In Industrial Policies

IMF Warns Of $12bn Loss To Cyberattacks In Financial Institutions In 20 Years

IMF Urges Nigeria To Boost Agriculture Inputs Amidst Soaring Food Prices

Nigeria’s Foreign Reserves Forecasted To Plummet To $24bn In 2024 , IMF Warns

Nigeria’s Hardship Will Multiply If IMF’s Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

IMF Warns Of Deepening Economic Crisis In Nigeria

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